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China rebar steel hits over 9-year high on demand outlook

2020-06-03 14:25:22 Steel Products,  futures

Rebar steel futures in China jumped to their highest in more than nine years on June 3, buoyed by strong spot steel demand and prices...

China steel prices tick up 0.4% WoW during May 11-17

2020-05-22 16:28:06 Price,  Steel Products

China's steel prices rose 0.4% compared with last week during May 11-17. The prices of ordinary medium plates, welded steel pipes and...

China's rebar production increases 1.1% YoY in Apr

2020-05-22 09:54:47 Production & Sales,  Steel Products

China's industrial enterprises above designated size produced 21.12 million tonnes of rebar in April 2020, an increase of 1.1% year o...

Tsingshan's stainless steel order book fills as China rebounds, traders load up

2020-05-21 08:35:23 Steel Products

Tsingshan Holding Group, the world's biggest stainless steel producer, has sold the entire output of its Chinese plants through June,...

China's social steel product stocks fall faster in early-May, CISA

2020-05-14 11:23:09 Production & Sales,  Steel Products

Decline of social stocks of five key steel products at 20 major cities in China gathered pace during early-May (May 1-10) compared wi...

China steel futures extend gains on firm demand, trade optimism

2020-05-13 08:35:01 Steel Products

Construction rebar and hot-rolled coil futures in China rose for the seventh straight session on May 12, boosted by firm consumption ...

China steel futures trade in narrow range, focus on govt stimulus

2020-04-30 08:22:15 Steel Products

China steel futures drifted in a narrow range on April 29 as market participants refrained from making big bets while waiting to see ...

Baoshan Iron & Steel Q1 profit plunges nearly 44% on low prices

2020-04-29 10:22:57 Steel Products

Baoshan Iron & Steel Co., Ltd, core listed arm of China Baowu Steel Group, the world's largest steelmaker, incurred a 43.63% slum...

China's Baowu dethrones long-reigning steel king ArcelorMittal

2020-04-28 08:40:17 Steel Products

Although China is the world's leading steel producer, no single Chinese steelmaker has made it to the top spot, until now. ...

Chinese steel output set for 'remarkable' rebound

2020-04-27 08:28:47 Steel Products Asia Times

China's steelmakers are confident the industry will bounce back strongly after the coronavirus downturn, echoing a forecast from the ...

Weekly steel market news summary (Apr 19-Apr 25)

2020-04-26 10:13:15 Steel Products

Seaborne Global crude steel output down 6% YoY in Mar World crude steel production for the 64 countries reporting...

China Mar rebar output slides 2.9% YoY

2020-04-22 15:33:56 Steel Products

China's steel rebar production amounted to 19.02 million tonnes in March, down 2.9% from a year ago, according to the latest data fro...

Tokyo Steel to keep product prices unchanged in May despite slowing demand

2020-04-20 16:09:42 Company,  Price,  Steel Products

Tokyo Steel Manufacturing Co., Ltd, Japan's top electric-arc furnace steelmaker, said on April 20 it will keep steel product prices s...

China Mar steel product output down 0.1% YoY, NBS

2020-04-17 15:15:11 Steel Products

China's steel product output fell slightly by 0.1% from a year ago to 98.88 million tonnes in March, official data showed on April 17...

Steel product stocks remain high at Chinese mills despite one-month decline

2020-04-17 10:21:19 Production & Sales,  Steel Products

Inventories of finished steel products at member steel mills of China Iron and Steel Association (CISA) declined for three straight s...

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Editors Recommendations

1 Indonesian thermal coal prices hold steady in thin trading 2020-06-05

Indonesian thermal coal prices were generally stable in the Chinese seaborne import market with no new trades heard in the last trading day of the week. Prevailing offer prices of Indones

2 China coking coal still lacks momentum 2020-06-05

China's coking coal market is still lacking enough impetus to have an across-the-board rise, with price hikes seen in some places while declines in somewhere else. Prices of 0.8%-sulfur p

3 Thermal coal trades set to increase at N China ports, traders 2020-06-05

Some traders expected spot thermal coal transactions to increase next week at northern Chinese ports after staying in the doldrums for one week, owing to the rise of futures market and potential relea

4 Shaanxi and Qinghai sign 3-yr power cooperation agreement 2020-06-05

Shaanxi will increase 10.2 TWh of power supply to Qinghai, an inland province in western China, from 2020 to 2022, according to the "Three-year Framework Agreement on Medium- and Long-term Electricity

5 Five S China provinces' power demand rises on hot temperature, economic recovery 2020-06-05

Power demand of China's five southern provinces of Guangdong, Guangxi, Yunnan, Guizhou and Hainan saw a 9.46% rise year on year in May, said China Southern Power Grid (CSG) that takes charges of grids

6 China Coal Daily Track (Jun 5) 2020-06-05

Thermal coal Production area Coal prices were steady in Yulin of Shaanxi amid good sales, while prices were up 10-20 yuan/t in Shenmu amid improved sales of slack coal. Supply slightly increa

7 May global coking coal market: Aussie price weakens amid Chinese import curbs 2020-06-05

International coking coal prices rebounded slightly in early and mid-May despite persisting impact from COVID-19 pandemic. Yet entering late May, prices of Australian coal declined as some Chinese tra

8 May global thermal coal market: price bottoms out, seaborne coal price-competitive 2020-06-05

International thermal coal market revived slightly in May despite escalating import restriction and tight import quotas in China. As the growth of China's domestic coal prices was larger

9 Yulin plans to rectify 19 private coal mines, impact on market limited 2020-06-05

Yuyang district, Yulin city in northwestern China's Shaanxi province has planned to carry out concentrated rectification on safe production at 19 private coal mines in the district to further strength

10 Russia Jan-May coal exports slide 9.25% YoY 2020-06-05

Russia exported 71.30 million tonnes of coal in total over January-May, down 9.25% from 78.57 million tonnes in the same period last year, according to preliminary statistics from the Energy Ministry

Most Read News Stories

1 Russia's rail link to port of Murmansk severed by bridge collapse 2020-06-03

Russian Railways has halted passenger and cargo rail transport between the northern port of Murmansk and the rest of Russia after the collapse of the only railway bridge linking the two, the national

2 China manufacturing rebounds as economy shakes off coronavirus, Caixin PMI shows 2020-06-01

Manufacturing activity in China rebounded in May driven by a jump in output as companies resumed production after the coronavirus lockdown in the first quarter, indicating the nation's recovery from t

3 CHN Energy Jun term contract thermal coal prices rebound sharply 2020-06-04

China's top coal mining group China Energy Investment Corporation, or CHN Energy, adjusted up its monthly contract thermal coal prices for June shipments sharply, sources disclosed. CHN E

4 China to approve 30 UHV power transmission lines in next 5 yrs 2020-06-03

China will have more than 30 new ultra high-voltage (UHV) power transmission lines approved by 2025, driving 587 billion yuan of investment into the industry, according to a report issued on June 2.

5 China major coal firms output up 0.7% on yr in Jan-Apr 2020-06-01

Raw coal output from member companies with China National Coal Association amounted to 840 million tonnes in the January-April period, a rise of 0.7% year on year, showed data from the association.

6 China's May steel sector PMI picks up to 50.9 on quickened recovery 2020-06-03

China's Purchasing Managers' Index (PMI) for steel sector recovered to 50.9 in May from 45.9 a month earlier, data from the CFLP Steel Logistics Professional Committee (CSLPC) showed, indicating steel

7 China's hydropower output to climb, weighing on coal-fired power 2020-06-02

China's hydropower alongside increasing rainfalls is likely to weigh on coal-fired power generation in the short run. Statistics from weather forecast website showed accumulative rainfall

8 China's May factory activity cools as weak demand curbs output 2020-06-01

China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesse

9 Indonesia's June HBA price falls to 4-yrs' low at $52.98/t 2020-06-05

Indonesia's Ministry of Energy and Mineral Resources has set its June thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $52.98/t, down 13.3% from the price of $61.11/t in May

10 China's largest inland port sees rail coal imports grow 25% in first 5 mths 2020-06-03

Inner Mongolia's Manzhouli, the largest inland port of entry on the China-Russia border, registered a 25% year-on-year growth of coal imports via inbound trains as of May 29 this year, official data s

Most Read Analysis & Comments

1 Thermal coal imports for blending in India to be eliminated in FY2020-21 2020-05-26

Indian government has decided to bring to zero import of coal for blending purpose by domestic coal-based power plants in the current fiscal, and has asked state-owned CIL to enter into a pact with po

2 China's spot thermal coal uptick stronger than expected 2020-05-26

Chinese spot thermal coal market witnessed stronger-than-expected upticks during last week, with Fenwei CCI 5500 index rising by a total 52 yuan/t to 543 yuan/t FOB and registering daily increase of o

3 Indonesian thermal coal uptick slows amid uncertain Chinese market 2020-05-27

Trading prices of Indonesian thermal coal were seen at a slower rise in Chinese import market in the middle of this week, as some end users held back on buying amid "wait-and-see" sentiment toward dom

4 Chinese domestic thermal coal market keeps cooling down as sentiment weakens 2020-05-28

Sentiment continued to weaken in China's spot thermal coal market amid concerns of recovering supply and falling demand in the coming month, dampening trading activities at northern ports.

5 Opinions divergent on outlook of China's coking coal market 2020-05-28

Chinese participants cannot reach a consensus on the market direction of domestic coking coal, as supply and demand dynamics are hard to predict. Some participants expected the market to

6 Indonesian thermal coal stays firm on Chinese demand; Indian buy shrinks 2020-05-25

Indonesian thermal coal prices remained resilient at the beginning of this week, bolstered by restocking demand from Chinese end users and rising Chinese domestic market. Sources said som

7 China's import thermal coal market at a crossroad after nearly 1-mth rebound 2020-05-26

Chinese seaborne import thermal coal market seems at a crossroad as Indonesian coal prices stabilized after rebounding since early May and Australian coal faced dwindling appetite. Wait-a

8 China's thermal coal expected to go south amid falling demand 2020-05-29

Spot prices of Chinese domestic thermal coal are expected to fall in the near term, as demand from utilities has been weakening. Data from showed the daily coal burn at China's

9 The spike before the slump? Australian coal exports to China soar in May 2020-05-29

Australia's coal exporters are bracing for a slump in shipments to China, making it somewhat ironic that May is likely to be the strongest month in nearly two years for Chinese imports from Down Under

10 Bullish sentiment moderates in Chinese thermal coal market; offer prices slide 2020-05-26

After climbing fast for more than a week, Chinese domestic thermal coal market paused on May 26, as the bullish sentiment was dented by a drop in futures market and people started concerning risks of

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